Elon Musk’s first week as the owner of Twitter has not been a secret. He made his first big move on the job by reportedly firing Ned Segal, Parag Agrawal and Vijaya Gadde, who were all top executives.
Segal was the CFO and Gadde was the Chief Legal Officer. Agrawal was the CEO after taking over from Jack Dorsey last year.
Who Is Parag Agrawal?
In 2011, Agrawal got his first job at Twitter as a Distinguished Software Engineer. He had worked for Microsoft, AT&T and Yahoo before this. He worked his way up to Chief Technology Officer and in 2021, Agrawal took over as CEO of Twitter from Jack Dorsey.
In an email to everyone at the company, Dorsey said that Agrawal was his top choice to replace him “because he knows the company and its needs so well.” Dorsey said, “He leads with his heart and soul and I learn something new from him every day.” I have complete faith in him as our CEO.”
According to his LinkedIn profile, Agrawal went to school at the Indian Institute of Technology in Bombay and then got his Ph.D. in computer science at Stanford.
What Is Parag Agrawal’s Net Worth?
PeopleAI.com says that Parag Agrawal has a net worth of about $31.6 million. Agrawal, along with Gadd and Segal, will get paid by Musk because he bought their Twitter shares after they were fired. CNN says that Musk paid $54.20 for each one, so Agrawal’s 155,000 shares were worth $8.4 million.
But all three executives will also get “Golden Parachute Compensation” when they leave their jobs. This was agreed upon in the merger agreement, including Agrawal’s $1 million base salary.
With Agrawal’s firing, there is also the fact that he will get the accelerated vesting of all of his shares, which will be worth $56.4 million.
Elon Musk Announces The First Day At Twitter HQ
Elon Musk shared the news of his first day as owner of Twitter with a video on October 26. In the short video, Musk is carrying a white sink as he walks into the building. He wrote in the tweet’s description, “Entering Twitter HQ—let that sink in!”
Musk then told his Twitter followers that he had met “a lot of cool people” there. Since then, he hasn’t said much on the platform.
Musk sent out a simple tweet two days later that said, “The bird is freed.” People who follow him thought he was talking about the blue bird that is the Twitter logo. But he didn’t say what else he meant.
the bird is freed
— Elon Musk (@elonmusk) October 28, 2022
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Jessa Martin is the author of Nogmagazine, A professional in writing by day, and novelist by night, she received her bachelor of arts in film from Howard University and her master of arts in media studies from the New School. A Brooklyn native, she is a lover of naps, cookie dough, and beaches, currently residing in the borough she loves, most likely multitasking.